Annual, Not Seasonally Adjusted
BPDBTF01RUA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,548,760,000.00
Year-over-Year Change
3261.03%
Date Range
1/1/1994 - 1/1/2011
Summary
This economic trend measures the annual, not seasonally adjusted balance on total services trade between the U.S. and the rest of the world. It is a key indicator of the U.S. trade position and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The balance on total services trade represents the difference between U.S. services exports and imports. Economists and policymakers closely monitor this metric to assess the strength of the U.S. services sector and the nation's overall trade balance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of international trade in services.
Historical Context
The services trade balance is a crucial input for evaluating U.S. economic and trade policies.
Key Facts
- The U.S. services trade surplus reached a record high of $290 billion in 2019.
- The COVID-19 pandemic led to a 12% decline in the services trade surplus in 2020.
- The services trade balance is an important component of the overall U.S. trade deficit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted balance on total trade in services between the United States and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The services trade balance is a key indicator of the U.S. international competitive position and an important component of the overall U.S. trade deficit, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of international trade in services.
Q: How is this trend used in economic policy?
A: The services trade balance is a crucial input for evaluating U.S. economic and trade policies, as it reflects the competitiveness of the U.S. services sector and the nation's overall trade position.
Q: Are there update delays or limitations?
A: The data is published monthly by the BEA, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Balance on Total Services Trade, Not Seasonally Adjusted (BPDBTF01RUA637S), retrieved from FRED.